Globaldata Share Discussion Threads

[britishbear] 28/9/2004 09:49

Neither.

Are you retired or a student?

[zapa] 28/9/2004 09:15

The article states that 53% of retailers are slow with refrence to chip and pin migration.

I have held these since Auxinet.

I didnt say that Datacash are not doing well or that the opposition are.

Id be pretty stupid to blindly belive anything.

Are you retired or a student?

[britishbear] 28/9/2004 08:57

The reason I can't show you any competitors winning other contracts is because there aren't any.

Your lack of postings suggests that can't either.

DATA has a lot further to rise

[zapa] 28/9/2004 08:47

Lucky they had a tax rebate last time.

Anyhow BB do your own research.

[melville28] 28/9/2004 08:44

this is great - the spivs are losing confidence and dumping their small holdings just as the announcements alluded to in early August are looming. As soon as the first chip and pin deal is announced, these things will fly as nobody will be crazy enough to let any go with many more contracts set to come over the following months as the January deadline comes and goes while all the disbelievers will pile in. In my experience a final shake-out of spivs brings the shares back to attractive levels for shrewd investors before lift-off. Ex chip and pin these are probably fair value at 90p so there is little in the price for c&p...just as the deals are set to flow

[britishbear] 27/9/2004 16:42

No where is there any link to DATA not winning contracts. The theft post is fine - means nothing to DATA though. Chip and Pin is here to stay.

If you can show me who is winning the contracts that DATA are not winning it would be a start.

Second, these contracts will be small - hence the focus on small and medium sized companies. No one contract will be enough to justify an RNS.

What we need is a trading update from DATA. They have historically been quite good at this in the past.

[zapa] 27/9/2004 15:16

Youve gone all quiet BB.

[zapa] 27/9/2004 14:54

The national roll out of chip and PIN technology in the UK is having unexpected consequences for fraud levels, as thousands of new chip cards and PINs issued by banks are being intercepted in the postal system.
The UK's banks are posting out millions of EMV chip cards and PINs to replace magnetic swipe cards ahead of the 1 January 2005 deadline for the switch to the new payments system.


According to a report by The Guardian newspaper, with so many cards being sent out, the number that is being intercepted by thieves has soared, leading to rising fraud levels.


The majority of cards are sent out using a standard postal service, and the problem is exacerbated by the fact that most customers are not expecting a replacement card. To make mattters worse, says the Guardian, some banks are sending out "active" cards that can be instantly used alongside magnetic swipe cards.


A spokeswoman for the Association for Payment Clearing Services (Apacs) admitted that more cards are going missing.


"There is a feeling that there is a concerted effort among criminals to get more money out of the system ahead of chip and pin's introduction," she told the newspaper. "When all shoppers are tapping in a pin number rather than signing for goods, it will make life harder for thieves."


As a consequence, mail non-receipt fraud is expected to rise even more than the 17% it rose last year, when losses hit £43.4m.


The chip and PIN system is being rolled out across the country to lower card fraud levels. Apacs says trials of the system conducted in Northampton last year have been successful, with half of cardholders using the system for most of their purchases.


But recent research by Detica found that 60% of UK cardholders still know little or nothing about chip and PIN and more than one-in-four consumers would be unhappy entering their PIN at a public point-of-sale terminal. Furthermore, research by Retail Logic suggests that a quarter of the UK's retailers are unconvinced by the new payments system, with over half (53%) admitting they would not be ready for the system before the January deadline.
Dated 19/09/04.

[zapa] 27/9/2004 14:48

Checking other web sites in banking and software.

[britishbear] 27/9/2004 14:45

What do you base your "apparently" on? Sources or just because there has been a lack of RNS from DATA?

[zapa] 27/9/2004 14:14

The only problem I have at the moment is data re uptake for the small and medium trader with regard to chip and pin.Apparently its slow.

[melville28] 27/9/2004 14:11

some big trades going through - perhaps this might get the shares heading in the right direction, especially if this is clever money ahead of chip and pin deals?

[zapa] 27/9/2004 14:10

How about 75k buy?

[irvbox] 27/9/2004 12:36

This sounds like a good deal to me, certainly a bit better than 'vouchers'. Any
other views?
We need something to stimulate the shares again!

[zapa] 27/9/2004 10:35

DataCash, the UK's leading bank independent payment services provider, has partnered with TriRidium, the payment card dispute automation company, to provide credit card chargeback support and fraud protection to retailers trading online and in-store. TransTrack from TriRidium integrates seamlessly with DataCash's payment gateway to address unnecessary payment card write-offs, chargebacks and fraud.

Although improvements have been made in recent years, chargebacks and fraud continue to plague retailers. And as the Chip and PIN initiative continues to gather momentum across the UK, fraudsters are increasingly turning their attention to 'card not present' (CNP) transactions where the card is not present at the time of the purchase. The latest statistics from APACS (Association for Payment Clearing Services) show a reduction in credit card fraud from £426.4 million in 2002 to £402.4 million in 2003. CNP, however, reached a peak in 2003 at £116.4 million.

The partnership between DataCash and TriRidium is designed to address a further problem for retailers. "As merchants continue their fight against fraud, we are now helping them to fight a hidden and sizeable cost," explains Gavin Breeze, Business Development Director for DataCash. "One of the major problems facing merchants is the amount of time, effort and money that goes into processing and resolving chargebacks. By automating the process, not only does it reduce the amount of time involved, it also cuts down substantially on the resources needed as part of that process."

Already providing TransTrack to retailing giants such as Argos, Woolworths and Homebase, TriRidium fully automates back office in-store and head office processes using email, workflow and Internet technologies. Such processes are typically clerically intensive, cumbersome and prone to error. TransTrack manages payment card disputes centrally and is also used to screen for various types of fraud.

Nigel Eades, Managing Director of TriRidium, comments: "Our aim is to provide DataCash's customers with an additional service that protects their business and also saves them time and money. DataCash has an excellent reputation for investing in its customers to provide them with the very best support and TransTrack is another string to their bow."

Retailers face operational issues with the fulfilment of Copy Voucher ('CV's) and Chargeback Supporting Documentation ('CSD') requests made by Acquirers as a result of customer disputes. This is particularly true for companies with many retail outlets where sales vouchers are stored and for those that deal with significant numbers of CNP transactions. Consequently retailers bear significant annual costs in unnecessary chargebacks and write-offs. These can be due to the deadlines laid down by the Payment Card Schemes being missed, CV or CSD documentation not being found, or because the operational cost of retrieval is uneconomical.

Most acquiring banks send retailers retrieval requests as letters – one per dispute. The acquiring bank then expects a paper copy, or at best a fax back from the retailer. This reliance on paperwork and lack of automation makes the process cumbersome for the retailer and fuels the perception amongst them that dispute management is not an issue Acquirers give serious attention to – preferring instead to leave this as a problem for the retailers to solve.

Using TransTrack, the turnaround time for a request can be reduced from weeks to literally minutes. Additionally, TransTrack's Intelligent Reporting Suite ('IRS') provides Retailers with management information relating to disputes, which ultimately assists in the detection of different types of card fraud.


In summary, TransTrack:

•Fully automates the Dispute Management Process
•Reduces the turnaround time for resolving disputes from days to hours
•Reduces unnecessary chargebacks and write-offs due to missed deadlines
•Provides instantaneous access to all information
•Provides a consistent process for the handling of all disputes
•Provides full end-to-end accountability and audit control
•Offers comprehensive Management Information, aiding fraud detection

Ends

For further press information, please contact:

Glen Goldsmith
2thefore Ltd
Tel: [phone]
Mob: [phone]
Email: [e-mail]

[britishbear] 27/9/2004 08:49

Agree with that Hectorp. The real target is for Ladbrokes or William Hill to hand out £10 vouchers to the public in their betting shops for use "online".

The result will be more accounts opened and hence larger online revenues.

This will then add to more online transactions and hence BIGGER profits for DATA. All simple and I believe it will work.

[hectorp] 27/9/2004 08:32

I can't see 'smart voucher' as other than a gimmic at this time, who would want to recieve a virtual gift from a relative , people would like to give 'personal' gifts and this still menas a physical one!

[melville28] 24/9/2004 10:03

hold tight for 1st chip & pin announcement - things must be close.....

[britishbear] 21/9/2004 20:55

For the record

-------------------------------------------

New online gift voucher facility available for UK companies
By abigail
In the UK a new alliance is forming between DataCash and Smart Voucher. Smart Voucher is the leading supplier in the UK of online real-time vouchers. With an increasing volume of people buying goods and services online, the new arrangement between these two companies is formed with the aim of increasing the ability of shoppers to buy gift vouchers which can be used in a land based or online facility of one company.

Any customers of the DataCash Payment Gateway, are now able to introduce electronic gift vouchers, online promotional vouchers and cash purchases on the internet. Currently the UK gift voucher market is worth approximately £1.35 billion, and is growing at a rate of around 10% every year. This new alliance between Data Cash and Smart Voucher, now provides the distribution and solutions that will allow consumers to purchase vouchers for cash, for use on that retailer's online site.

The solution has been proposed as being perfect for the online gambling industry, particularly for those who have retail outlets. The Business Development Director for DataCash, said of the new scheme: "For merchants, this service will enable them to bring their online and offline businesses closer together. For example, you can buy vouchers in a betting store on the high street and put them into your Smart Voucher enabled account - the vouchers can then be used to place bets online. This not only offers the consumer more choice and flexibility, it enables retailers to build their presence and brand across several different channels."

[zapa] 21/9/2004 15:41

Good to see its been picked up in the US

[irvbox] 20/9/2004 12:20

Here's the full story: (Just the good news we've been waiting for!)

Partnership Just the Ticket for Smart Customers
Release Date: 20 September 2004

More accustomed to buying online than ever before, the country's shoppers are now thinking more smartly when it comes to purchasing goods and services. Shopping for themselves and buying gifts for friends and family is not only more enjoyable, it can also solve a few problems such as cutting down the amount of time it takes to buy that perfect present or buying a gift for that 'difficult to buy for' person. This is one of the reasons why DataCash has teamed up with Smart Voucher, the UK's leading supplier of online real-time vouchers.

Customers of the DataCash Payment Gateway can now immediately introduce electronic gift vouchers, online promotional vouchers and cash purchases on the internet. It's a market that is growing substantially and one that is marrying the virtual world with good old notes and coins. The UK gift voucher market is currently worth around 1.35 billion and is growing at nearly 10% a year. However, three quarters of all purchases in the UK are still made with 'real money'. In conjunction with DataCash, Smart Voucher can provide the distribution network and the solution that enables consumers to buy vouchers with cash for use on a retailer's ecommerce site.

"For merchants, this service will enable them to bring their online and offline businesses closer together," explains Gavin Breeze, Business Development Director for DataCash. "For example, you can buy vouchers in a betting store on the high street and put them into your Smart Voucher enabled account - the vouchers can then be used to place bets online. This not only offers the consumer more choice and flexibility, it enables retailers to build their presence and brand across several different channels."

If you need to buy a birthday present for dad, why not buy a retailer's gift voucher online and email it to him (the voucher has its own unique identity number). This can be redeemed by him online, or if he likes he can browse his local store and buy something for himself in the physical world.

"Smart Voucher promotional vouchers can be used by retailers to good effect, for rewarding loyal customers, stimulating buying among infrequent shoppers, boosting sales during quiet periods and helping to point customers in the direction of new products and services," explains Martin Prout Director of Sales for Smart Voucher. "The cost and effort to introduce e-vouchers is low, and the returns, driven by smart marketing initiatives are high. Flexible delivery methods, such as kiosk, email and SMS text message are available and e-voucher uptake and usage information is instantly provided."

Ends

For further press information, please contact:

Glen Goldsmith
2thefore Ltd
Tel: [phone]
Mob: [phone]
Email: [e-mail]

Katie King
2thefore Ltd
Tel: [phone]
Mob: [phone]
Email: [e-mail]


For information about DataCash, please contact:

Sarah Goode
DataCash
Tel: [phone]
Mob: [phone]
Email: [e-mail]

For information about Smart Voucher please contact:

Martin Prout
Director of Sales
Smart Voucher Plc
Tel: [phone]
Email: [e-mail]

Editors notes

About DataCash

DataCash is the only quoted payment solution provider in Europe and provides outsourced solutions for the authorisation, settlement and fraud management of credit and debit cards as well as direct debits, direct credits and cheques. All transactions are accessible to merchants through a real-time MIS Reporting Suite. DataCash's fraud management solutions support industry initiatives such as AVS/CV2 and 3-D Secure's Verified by Visa and MasterCard SecureCode as well as traditional, rules-based, fraud screening. DataCash's solutions are suitable for merchants selling through any channel including High Street Point of Sale, the Web, Interactive TV, Kiosk, Call Centre and Interactive Voice Response ('IVR').


About Smart Voucher

Smart Voucher was formed by the management team that has been credited with creating many innovative developments, including the Switch debit card. The Company remains in private shareholding after a multi million pound investment over the past few years.

The Smart Voucher system is unique in the world and has already been adopted by prominent names such as William Hill, Tesco and the Accor Group. Smart Voucher's partnership agreement with Bemrose Booth provides access to leading retail names in the UK, many of whom are developing products and solutions utilising this unique technology. The Smart Voucher system is the only system in the world that enables an online retailer to truly accept cash payments by converting cash to e-vouchers.

The partnership that Smart Voucher has with leading names such as Energis, TNS and Alaric has not only demonstrated to the market the esteem in which the Company is held, but also the reliance that can be, and is, placed upon its ability to deliver to the highest standards.

Smart Voucher is currently the only company globally that can deliver, and has demonstrated the ability to provide, all the facilities required by the retailing and service communities whether they exist in the physical or virtual worlds.

[zapa] 20/9/2004 10:51

Smart Voucher Datacash team up.

[igoe104] 15/9/2004 17:39

I AGREE MELVILLE, THINGS ARE QUITE AT THE MOMENT, BUT AS WE COME INTO NOVEMBER IT WILL START TICKING UPWARDS, I AGREE £2 FIRST QUARTER 2005

[melville28] 15/9/2004 17:35

done forget, datacash will probably have £3m cash by the year end equating to 6p/share and the interim statement over 6 weeks ago said "we hope to be announcing our first CHP contracts soon"..... Notice more chip and pin ads on TV adding pressure on the retailers. Everything points in the right direction here...id look to be buying these aggressively on weakness as one contract will send them to 120+ before more start to drop in the bag as the January 2005 deadline approaches. Big upgrades will follow each win and these things will be motoring to 200p by Q1 next year. Bullish? yes. ramp? yes...but not to underpin a falling price but rather to give confidence that weakness is just market related providing better and better prices to load up on!!

[park1n] 14/9/2004 17:42

What a funny way this market works! 200,000 bought shares no movement.
Strange!! Maybe one day,I ll fathom it out.